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Athlon Adds Core Permian Acreage; Outlines Wolfcamp Results
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Athlon Energy reported record second quarter 2014 financial results, announced additional acquisitions in the core of the northern Midland Basin, increased its 2014 outlook, and announced two executive promotions.
Company Highlights: Adjusted EBITDA increased 95% to $97.1 million for the second quarter 2014 as compared to $49.8 million for the second quarter 2013. Discretionary cash flow increased 105% to $83.5 million for the second quarter 2014 as compared to $40.8 million for the second quarter 2013. Average daily production volumes for the second quarter 2014 increased 96% to 21.9 MBOE/D as compared to 11.2 MBOE/D produced in the second quarter 2013, led by oil volumes, which increased 104%. Direct LOE decreased 17% to $6.35 per BOE for the second quarter 2014 from $7.63 per BOE for…- ✓ Full news archive — U.S., Canada & international coverage
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